Exceptional Multi-Family Investment Opportunity in Downtown Jonesboro. Rare opportunity to acquire a fully occupied, income-producing ($200,000 Plus annually) property in the heart of the Downtown Jonesboro Entertainment District. This historic building features 11 loft-style residential units and 8 gated parking spaces, generating more than $200,000 in gross annual income, with additional potential to increase revenue. The property combines historic character with modern conveniences, including secure gated access, a fire sprinkler system, tankless water heaters, and an exclusive rooftop patio offering impressive downtown views. With strong rental demand in Jonesboro, this property offers immediate cash flow along with long-term investment potential. Authentic loft-style residences with dedicated gated parking are rarely available in the downtown market, making this a unique opportunity for investors seeking a quality income-producing asset or a potential 1031 Exchange. Financial statements, rent roll, and additional property information are available upon request.
Active
$2,550,000
226 Union St #1-11, Jonesboro, AR 72401
--beds
--baths
10,125sqft
Apartment
Built in 2015
-- sqft lot
$2,447,600 Zestimate®
$252/sqft
$-- HOA
What's special
Historic buildingSecure gated accessDedicated gated parkingFire sprinkler systemAuthentic loft-style residencesTankless water heaters
- 5 days
- 67
- 0
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Bill Pressly 870-919-3990,
Arnold Group Real Estate 870-932-2600
Source: CARMLS,MLS#: 26039269
Facts & features
Interior
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Free-Standing Range, Microwave, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Gas Water Heater
Features
- Pantry
- Flooring: Vinyl, Luxury Vinyl
Interior area
- Total structure area: 10,125
- Total interior livable area: 10,125 sqft
Property
Parking
- Parking features: Carport, Garage Door Opener
- Has carport: Yes
Features
- Levels: Two
- Fencing: Full
Lot
- Size: 9,583 Square Feet
- Features: Other
Details
- Parcel number: 0114418350200
- Zoning: Multi Use
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other (see remarks)
- Property subtype: Apartment
Materials
- Brick
- Foundation: Slab
- Roof: Flat
Condition
- New construction: No
- Year built: 2015
Utilities & green energy
- Electric: Electric-Municipal
- Gas: Gas-Natural
- Utilities for property: Natural Gas Connected, Cable Connected
Community & HOA
Community
- Security: Smoke Detector(s), Security
- Subdivision: City of Jonesboro
Location
- Region: Jonesboro
Financial & listing details
- Price per square foot: $252/sqft
- Annual tax amount: $8,603
- Date on market: 9/28/2026
- Tenant pays: Electricity
- Road surface type: Paved
Estimated market value
$2,447,600
$2.33M - $2.57M
$1,288/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Listed for sale | $2,550,000-3.8%$252/sqft |
Source: Northeast Arkansas BOR #10132595 Report a problem | ||
| 9/27/2026 | Listing removed | $2,650,000$262/sqft |
Source: Northeast Arkansas BOR #10128650 Report a problem | ||
| 5/15/2025 | Price change | $2,650,000-5.4%$262/sqft |
Source: Northeast Arkansas BOR #10121023 Report a problem | ||
| 4/5/2025 | Listed for sale | $2,800,000$277/sqft |
Source: Northeast Arkansas BOR #10121023 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment








